Canaccord Genuity Group Forecasts Strong Price Appreciation for NFI Group (TSE:NFI) Stock

NFI Group (TSE:NFI) had its target price raised by equities researchers at Canaccord Genuity Group from C$35.00 to C$36.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 45.28% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. ATB Cormark Capital Markets boosted their price objective on shares of NFI Group from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research report on Monday. National Bank Financial lifted their price target on NFI Group from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Monday. Canadian Imperial Bank of Commerce boosted their price target on NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. TD upped their price objective on NFI Group from C$26.00 to C$33.00 and gave the stock a “buy” rating in a research report on Monday. Finally, BMO Capital Markets increased their price objective on NFI Group from C$27.00 to C$32.00 in a report on Friday. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$30.11.

NFI Group Stock Down 0.8%

TSE NFI traded down C$0.20 during trading hours on Monday, reaching C$24.78. 237,061 shares of the company’s stock were exchanged, compared to its average volume of 318,121. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18. The company has a market capitalization of C$2.95 billion, a price-to-earnings ratio of -23.77, a price-to-earnings-growth ratio of -0.07 and a beta of 0.16. The company’s 50-day moving average is C$24.05 and its two-hundred day moving average is C$20.77. NFI Group has a one year low of C$12.50 and a one year high of C$26.40.

NFI Group (TSE:NFI) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share for the quarter. The company had revenue of C$1.46 billion during the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. On average, analysts forecast that NFI Group will post 1.2814107 EPS for the current fiscal year.

Insider Buying and Selling at NFI Group

In other NFI Group news, Director Adam L. Gray bought 156,600 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average price of C$20.69 per share, with a total value of C$3,240,054.00. Following the completion of the transaction, the director owned 25,526,215 shares in the company, valued at approximately C$528,137,388.35. This trade represents a 0.62% increase in their ownership of the stock. Also, Director John Christopher Sapp purchased 2,500 shares of the stock in a transaction on Tuesday, May 12th. The stock was acquired at an average price of C$20.66 per share, for a total transaction of C$51,650.00. Following the completion of the purchase, the director directly owned 20,653 shares in the company, valued at approximately C$426,690.98. The trade was a 13.77% increase in their position. Insiders have acquired a total of 242,015 shares of company stock valued at $5,025,732 in the last three months. 0.62% of the stock is currently owned by insiders.

About NFI Group

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With over 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts¿.